Majority of mid-market manufacturers favour staying in EU, says BDO

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Nearly six in 10 (59%) mid-market manufacturers want the UK to remain in the EU, according to research from accountancy firm BDO.

The survey also revealed 67% of respondents believe leaving the EU would make it harder for British manufacturers to run a successful business.

Despite supporting the EU, the report did also reveal a desire for change within the organisation. Around three quarters (73%) want to see a reduction of red tape and ‘gold plating’ of EU legislation. A little under one quarter (23%) want to see the creation of a digital single market to make global trading easier.

Tom Lawton, head of manufacturing, BDO LLP, called export and international trade “critical to UK mid-market manufacturers”.

“These firms are entrepreneurial, have high-growth targets and are focused on international expansion so it’s no surprise that the over half of them support remaining within the European Union,” he continued.

“Despite being supportive, mid-market manufacturing companies want to see further EU reform. They want an end to gold-plating, greater progress with trade agreements and increased liberalisation of markets. They are clear that this will create jobs and growth for the UK”.